Tesla Stock Upgraded To 'Buy' By Edward Jones via insideevs.com
. The news comes as Tesla’s stock has fallen significantly in recent months, making the company’s share prices look appealing to previously skeptical analysts like Windau.
In a note to clients, Windau described Tesla’s stock as looking affordable given the potential for the company’s long-term growth. He also said he expectsbeta to continue improving, along with the automaker’s EV batteries. Additionally, Windau pointed out Tesla’s plans to launch new products this year, including the upcoming Cybertruck.
“While slowing economic growth could pressure near-term auto sales, we believe the electric vehicle market will continue to expand due to global regulations,” Windau wrote in a note to clients. “We believe Tesla’s new product launches will allow it to take advantage of this expanding market. In our opinion, the share price of Tesla does not reflect its long-term growth opportunities.”’s sale of shares and concerns over cooling demand.
The automaker also opened two factories last year, one in Grünheide, Germany and one in Austin, Texas. The plants are expected to continue ramping up Model Y production and they each reached milestones of a 3,000-unit weekly output in the past few months.Like with any stock, it’s impossible to say with any certainty what Tesla’s stock will do in the coming years.
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